TenX, a blockchain infrastructure company, began listing its common shares on the TSX Venture Exchange (TSX-V) under the ticker symbol TNX, on Dec. 10. This follows the successful closing of $29.9 million CAD in subscription receipt financings completed in connection with TenX’s go-public transaction, bringing total capital raised in 2025 to over $33 million (inclusive of a $3.5 million CAD seed round completed in March).
TenX will deploy the proceeds of the offering to directly purchase tokens of high-throughput blockchain networks for the purpose of securing those networks through staking, and invest in the company’s suite of blockchain infrastructure solutions for its growing roster of customers and users.
The two financings were supported by Borderless Capital, BONK Contributors, DeFi Technologies Inc., HIVE Blockchain Technologies Ltd., and Chorus One, among others. The go-public financing was comprised of brokered and non-brokered private placements of subscription receipts, completed at a price of $0.75 per receipt for total aggregate proceeds of $29.9 million CAD, inclusive of in-kind proceeds contributed through digital assets, including SOL, SEI, and USDC.
“By listing on the TSX-V, TenX marks a major milestone and affirms its position as a leading public blockchain infrastructure company.” said CEO Mat Cybula. “This financing and listing broadens participation in our business and fuels our strategy of staking, yield generation, and infrastructure deployment across emerging blockchain ecosystems.”
“HIVE was the first public crypto infrastructure company, and we see ourselves as the first of many. With this investment in TenX we are backing an experienced team that shares our vision, can scale rapidly, and will build new spokes in the global fintech and crypto ecosystem,” added Frank Holmes, chairman of HIVE Blockchain Technologies.
TenX provides public markets exposure to the growth of blockchain networks, including Solana, Sui, and Sei, through active participation in staking, validator operations, and digital asset treasury management. As adoption accelerates across high-performance Layer-1 blockchains, TenX said it aims to scale participation while maintaining institutional-grade infrastructure and treasury management standards.